Market Commentary Q3 | 2023

Market Commentary Q3 | 2023

Both global equity and fixed income markets produced negative returns over the 3rd quarter as market participants recalibrated growth and policy expectations. From a macroeconomic standpoint, the trends from the 2nd quarter continued into the 3rd. Growth in…
Market Update | August 2023

Market Update | August 2023

Yields on 10-year U.S. Treasuries spiked in August, rising as much as 40 basis points from where they began the month. The result has been a rare bear steepening, where long-term yields rise faster than short-term yields.
Market Update | August 2023

Market Update | August 2023

In a significant move that caught global attention, Fitch Ratings, one of the major credit rating agencies, downgraded the credit rating of the United States from AAA to AA+.
Market Update | March 2023

Market Update | March 2023

On Friday of last week, the FDIC took control of Silicon Valley Bank, ending a frenetic 48 hours which saw the bank go from being solvent to insolvent. With $209 billion in assets, SVB is the 2nd largest bank failure since Washington Mutual’s failure in 2008.
Market Commentary Q2 | 2023

Market Commentary Q2 | 2023

Global equity markets continued to climb the wall of worry in the 2nd quarter. The banking stress in the aftermath of the SVB failure seems to have resulted in limited lending restraint thus far. Additionally, the bipartisan agreement to suspend the US debt ceiling until 2025 means…
Market Commentary Q1 | 2023

Market Commentary Q1 | 2023

Market narratives and asset prices fluctuated throughout the 1st quarter as market participants were forced to adjust to a rapidly shifting investment landscape. In January, risk assets rallied on the idea of an immaculate disinflation characterized by resilient global growth…
Market Commentary Q4 | 2022

Market Commentary Q4 | 2022

2022 brought a decidedly sharp end to the post-pandemic bull market. What markets originally thought would be a gradual central bank tightening campaign turned into the fastest series of rate hikes in history. The year was dominated by the shift higher in interest rates and its impact across all financial markets as risk assets repriced dramatically.

Market Commentary Q3 | 2022

Market Commentary Q3 | 2022

Despite a strong rally in July, global equity and bond markets retreated further in the 3rd quarter as markets priced in additional central bank tightening amidst a global growth….
IRS Announces Retirement Plan Limits for 2023

IRS Announces Retirement Plan Limits for 2023

The Internal Revenue Service (IRS) announced cost of living adjustments (COLAs) affecting dollar limitations for retirement plans and other retirement-related items for Tax Year 2023.
Market Commentary Q2 | 2022

Market Commentary Q2 | 2022

Both global equity and fixed income markets continued this year’s selloff in the 2nd quarter as investors grappled with slowing economic growth, geopolitical turmoil…
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